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Ormat to Acquire Contracted Operating Geothermal Assets in Nevada and a Transmission Line Connecting Nevada With California for Total Estimated Consideration of $377M


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ORMAT TO SIGNIFICANTLY ENHANCE ACQUIRED POWER PLANTS AND POTENTIALLY DEVELOP GREENFIELD ASSET
PROVIDES POTENTIAL SYNERGIES, INCLUDING TRANSMISSION LINE CONNECTING NEVADA AND CALIFORNIA
RENO, Nev., May 24, 2021 (GLOBE NEWSWIRE) Ormat Technologies, Inc. (NYSE:ORA) announced today that it has entered into a purchase agreement with TG Geothermal Portfolio, LLC (a subsidiary of Terra-Gen, LLC) to acquire two contracted geothermal assets in Nevada with a total net generating capacity of 67.5 MW (net), a greenfield development asset adjacent to one of the plants, and an underutilized transmission-line. The acquisition is expected to close in the second half of 2021, subject to regulatory and other customary closing conditions. ....

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Ormat buys Nevada geothermal assets for $377m


Ormat buys Nevada geothermal assets for $377m
The two plants in Dixie Valley and Beowawe have total net generating capacity of 67.5 MW.
Israeli geothermal energy company Ormat Technologies Inc. (NYSE: ORA; TASE: ORA announced today that it has entered into a purchase agreement with Terra-Gen subsidiary TG Geothermal Portfolio to acquire two contracted geothermal assets in Nevada with a total net generating capacity of 67.5 MW as well as a greenfield development asset adjacent to one of the plants, and an underutilized transmission-line. The acquisition is expected to close in the second half of 2021, subject to regulatory and other customary closing conditions. ....

United States , Dixie Valley , Doron Blachar , Southern California Edison , Ormat Technologies Inc , Ormat Technologies , ஒன்றுபட்டது மாநிலங்களில் , டிக்ஸி பள்ளத்தாக்கு , தெற்கு கலிஃபோர்னியா எடிசன் ,